Binance Launches Nineteenth Phase of Binance Savings Products

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Binance Launches Nineteenth Phase of Binance Savings Products

2020-04-29 10:07

Fellow Binancians,

Binance will launch the nineteenth phase of Binance Savings Products at 2020/04/29 12:00 PM (UTC), where 30-day fixed term savings products will be made available. Further details are below:

Subscription Format: First-come-first-served basis.
Subscription Period: From 2020/04/30 12:00 PM (UTC) to 2020/05/01 12:00 PM (UTC).
Interest Calculation Period: 2020/05/01 12:00 PM (UTC) to the end of the according product period.
Interest Payout Time: Immediately after loan term matures.

Savings Product Details (Subscribe now)

Digital Asset	Term to Maturity	Total Subscription Cap	Individual Cap	Annualized Interest Rate	Lot Size	Interest Per Lot at Maturity
ARPA	30 days	15,000,000 ARPA	500,000 ARPA	15%	20,000 ARPA	246.575342 ARPA
ERD	7 days	150,000,000 ERD	5,000,000 ERD	10%	200,000 ERD	383.561643 ERD
ERD	14 days	150,000,000 ERD	5,000,000 ERD	12%	200,000 ERD	920.547945ERD

Note:

Amounts subscribed to Binance Savings products will not be able to receive their corresponding staking rewards；
Refer here for the Binance Savings User Guide;
Please refer to Binance Terms of Use prior to using any products on the Binance Savings platform.

Thanks for your support!

Binance Team

2020/04/29

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